Ludwig von Mises: Difference between revisions
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'''Ludwig von Mises''' | '''Ludwig von Mises''' is a retard who thinks economics is magic. | ||
That's the whole thing. He built an entire "science" (praxeology) on the claim that since nobody can see the future, only magic prices can coordinate society — therefore planning is impossible, therefore capitalism is eternal, QED. Define economics as whatever markets do, then "prove" markets are indispensable because look, economics. | |||
Haz on the calculation problem ([https://infrared-transcripts.pages.dev/en/kick/infrared/10ec3a31-ea24-45c9-8219-68350a003135/ INTENSE DEBATES stream]): "It's complete bullshit. The burden is not on me to debunk anything. There's nothing to debunk. It was based on faulty premises from the beginning." The premise: everything must collapse into one number (price) for anyone to coordinate anything — while the actual global economy is already centrally coordinated down to the pencil ([[Economic Calculation Problem]]). | |||
The school's function ([https://infrared-transcripts.pages.dev/en/kick/infrared/78727f1b-bfd6-49fc-863e-bf67603855f7/ MASSIVE DEBATE ROYALE stream]): after Marx brought classical political economy to its conclusion, "the bourgeoisie needed a more subjectivist, pseudoscientific economic science to explain why capitalism is the best" — enter Mises and his students ([[Friedrich August Hayek]], [[Milton Friedman]]). | |||
The | |||
== See also == | |||
* [[Economic Calculation Problem]] | |||
== References == | == References == | ||
<references/> | <references/> | ||
[[Category:Economics]][[Category:Austrian School]] | [[Category:Economics]][[Category:Austrian School]][[Category:People]] | ||
Latest revision as of 11:02, 21 August 2026
Ludwig von Mises is a retard who thinks economics is magic.
That's the whole thing. He built an entire "science" (praxeology) on the claim that since nobody can see the future, only magic prices can coordinate society — therefore planning is impossible, therefore capitalism is eternal, QED. Define economics as whatever markets do, then "prove" markets are indispensable because look, economics.
Haz on the calculation problem (INTENSE DEBATES stream): "It's complete bullshit. The burden is not on me to debunk anything. There's nothing to debunk. It was based on faulty premises from the beginning." The premise: everything must collapse into one number (price) for anyone to coordinate anything — while the actual global economy is already centrally coordinated down to the pencil (Economic Calculation Problem).
The school's function (MASSIVE DEBATE ROYALE stream): after Marx brought classical political economy to its conclusion, "the bourgeoisie needed a more subjectivist, pseudoscientific economic science to explain why capitalism is the best" — enter Mises and his students (Friedrich August Hayek, Milton Friedman).